The Characteristics of a Totten Trust Include That

question 1

Multiple Choice

The characteristics of a totten trust include that:

• A) it is a bank account opened by the settlor of the trust.
• B) it is tentative.
• C) transfer of ownership is complete only on the depositor's death.
• D) All of these.

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Definitions:

Expected Return

A projection of the amount of profit or loss an investment is likely to generate.

Correlation Coefficients

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Standard Deviation

A statistical measure of the dispersion or variability in a dataset, often used to quantify the risk of a financial instrument.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.